Where is the Warehouse located?
Sandiacre is a well-established commercial location in the Erewash district of Derbyshire, approximately 5.5 miles west of Nottingham and 9.5 miles east of Derby.
Mark Street Industrial Estate occupies a highly accessible position on the edge of Sandiacre town centre, with Junction 25 of the M1 and the A52 approximately 1.2 miles away. Station Road (B5010), immediately to the north, provides a good range of shops, restaurants and other town centre amenities.
Nearby occupiers include DX Network Services, Lidl, My-Furniture and HP Asia, with Burger King and the highly regarded La Rock restaurant also close by.
The combination of immediate access to the M1/A52, local amenities and an established industrial setting makes Mark Street particularly well positioned for warehouse, distribution and logistics occupiers serving Nottingham, Derby and the wider East Midlands.
What does the Warehouse comprise?
Two well-specified warehouses available together or separately, both with pallet racking, high eaves and excellent loading. A1 provides a modern 8.9m eaves warehouse with its own fenced and gated yard, while A2b offers flexible accommodation on competitive terms.
A1 is fully racked for approximately 2,800 pallets, with LED lighting and level access loading. A2b is also racked, although this can be removed if required, and provides approximately 5.5m eaves rising to 8m at the ridge.
The units are available individually or combined, providing flexibility for warehouse and distribution occupiers requiring accommodation close to M1 Junction 25. Short-term lease options are also available.
How has the Warehouse been measured?
The accommodation has been measured on a Gross Internal Area GIA) in accordance with the RICS Code of Measuring practice.
| Floor |
Sq Ft |
Sq M |
| A1 Warehouse |
25,768 |
2,393.85 |
| A2b Warehouse |
21,148 |
1,964.65 |
| Total | 46,916 | 4,359 |
What has the property been used for?
We understand the property has been use for B8 (Storage or distribution) of the Town and Country Planning (Use Classes) Order 1987. All parties should confirm the planning position with the relevant Local Authority.
Are there Utilities?
We understand all mains services including Three Phase are connected to the property. Electricity shall be sub metered. The agents give no guarantee in respect of connectivity or capacity and interested parties must rely on their own investigations.
What is the Rateable Value?
Both warehouses currently form part of larger rating assessment and may need to be reassessed.
The approximate RV attributed to A1 is £110,000 with estimated rates payable being c £55,000.
We would expect the ratable value of A2B to be ITRO £80,000 with rates payable of c£40,000. Interested parties must confirm the rates position with the VOA.
Parties must satisfy themselves as to the rates position.
How is the property offered?
Leasehold
Industrial units to let by way of a new lease for an initial term of up to 5 years. Short term lets considered.
How much is the Rent, and is VAT payable on top?
Rent: £97,500 to £262,500 per annum. All figures are quoted exclusive of VAT, we are advised the property is registered for VAT which is applicable at the prevailing rate.
| Floor |
Sq Ft |
Sq M |
Rent |
| A1 Warehouse |
25,768 |
2,393.85 |
£165,000 per annum |
| A2b Warehouse |
21,148 |
1,964.65 |
£97,500 per annum |
| Total |
46,916 |
4,359 |
£262,500 per annum |
Is Service Charge Payable?
Is payable for the running, maintenance and up keep of the common, shared and external areas.
Service charge budget: £0.30 per Sq Ft
What is the EPC rating?
What are the viewing arrangements?
Please contact us or visit www.omeeto.co.uk for full details and a virtual tour. Physical viewings with proceedable parties can be arranged on request by contacting our commercial property agents. OMEETO do not take any responsibility for any loss or injury caused whilst carrying out a site visit.